Vineyard National Bancorp reports $31,070 net loss for January

By Caroline Salls

Pittsburgh, Feb. 17 - Vineyard National Bancorp reported a $31,070 net loss for January on zero revenues, according to its monthly operating report filed with the Securities and Exchange Commission.

In comparison, the company posted an $81,308 net loss for December, also on zero revenues.

Vineyard had $1.83 million in cash at Jan. 31, down slightly from $1.87 million at the end of December.

Vineyard National, the Corona, Calif., holding company for Vineyard Bank, filed for bankruptcy on July 21 in the U.S. Bankruptcy Court for the Central District of California. Its Chapter 11 case number is 09-26401.

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